Wedgemount Resources Corp. is pleased to provide an update on field activity at its recently acquired Huggy Assets. Operations Update With the return of seasonal temperatures in west-central Texas over the past two weeks, Wedgemount has resumed all field activities, including pumping, surface facility optimization, maintenance, chemical treatments and well workovers. The majority of work has been and will continue to be [...]
Wedgemount Resources Corp. announces it has approved the grant of stock options to acquire up to 800,000 common shares in the capital of the Company . The Options are exercisable for a five-year term expiring on March 4, 2030, at a price of $0.10 per Option. Any Common Shares issued pursuant to the exercise of the Options, will be subject to a four month hold period expiring on July 5, 2025, unless waived by the Canadian [...]
Wedgemount Resources Corp. is pleased to provide an update on its operations and corporate activities. Operations Update Due to extreme cold weather conditions over the past few weeks, Wedgemount proactively shut-in oil production and processing to protect its wells and facilities from potential damage. In light of the return of more seasonal temperatures this week, the Company has resumed production and is once again [...]
Wedgemount Resources Corp. is providing a third update with respect to its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on November 29, 2024. The Company and its auditors continue to work diligently to file the audited annual financial statements and related management's discussion and analysis for the financial year ended July [...]
Wedgemount Resources Corp. is providing a second update with respect to its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on November 29, 2024. The Company and its auditors continue to work diligently to file the audited annual financial statements and related management's discussion and analysis for the financial year ended July [...]
Wedgemount Resources Corp. , is pleased to provide an operations update for the Company's West Central Texas oil and gas operations. Huggy Acquisition Update All natural gas transmission flow lines have been repaired and replaced where necessary in order to facilitate gas sales to third party purchasers Certain gas wells have been re-classified as oil wells with the RRC as successful chemical treatments caried out by the [...]
Wedgemount Resources Corp. is providing an update with respect to its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on November 29, 2024. The Company and its auditors continue to work diligently to file the audited annual financial statements and related management's discussion and analysis for the financial year ended July 31 [...]
Wedgemount Resources Corp. , announces that its annual financial statements for the year ended July 31, 2024, the related management discussion and analysis, certifications of the Chief Executive Officer and the Chief Financial Officer , and the annual oil and gas filings required under Part 2 of National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities for the year ended July 31, 2024 , will not be [...]
Wedgemount Resources Corp. , is pleased to announce details of its ongoing enhancement and remediation program for the Company's recently acquired producing oil and gas assets in west central Texas. The Company's Huggy Asset remediation program is designed to optimize well production through proprietary chemical treatments, well workovers and surface facility optimization. The Company has expanded field resources to two [...]
Wedgemount Resources Corp. , is pleased to provide an operations update for the Company's west central Texas oil and gas operations. Since the closing of the Company's recently announced Huggy asset acquisition and concurrent financing, Wedgemount's operations team has commenced optimization of wells and surface facilities in both the Echo and Novice fields which make up the core of the Huggy assets. As a result, the [...]
Wedgemount Resources Corp. , announces it has entered into agreements with each of Outside the Box Capital Inc. , Proactive Investors North America Inc. and Oak Hill Financial Inc, to provide services to the Company, subject to approval by the Canadian Securities Exchange. OTB's scope of work will include, but not be limited to, providing marketing services, planning content creation and assisting in enhancing awareness [...]
Wedgemount Resources Corp. , is pleased to announce that it has closed the second tranche of its non-brokered private placement of convertible debenture units of the Company at a price of $1,000 per Debenture Unit. The convertible debenture offering was over-subscribed. Under the second tranche, a total of 745 Debenture Units were sold for gross proceeds of $745,000. In total the Company has raised gross proceeds of [...]